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Laid Off? Find Your Next Big Opportunity

Learn from 2 entrepreneurs who found upside in the downturn.
June 4, 2009
URL: http://www.entrepreneur.com/article/202074

Entrepreneur: Matt Sarrel, 39

Approximately 91% of respondents (nearly 300 small-business owners) would be open to potentially advising new entrepreneurs starting a business; 8% of respondents indicated that a layoff by another organization had played into their own decision to start a business. (Source: SurePayroll)
Laid off from his job as technical director at PC Magazine in 2003
New business: Sarrel Group, a New York City-based technology product test lab, and editorial services and consulting firm
2009 projected growth: 50 percent to 100 percent

Words of wisdom:

Entrepreneur: Amy Romano, 40
Laid off from her job as a corporate PR, marketing and brand communications manager/director in 2007
New business: Amy&Company LLC, a Chandler, Ariz.-based strategic and tactical PR firm that provides brand and marketing communications services to primarily small and midsize companies
2009 projected service billings: $200,000 to $225,000

Words of wisdom: